Enbridge Inc. (NYSE:ENB) Target Price Means Stock Is Worth $48.87

Enbridge Inc. (NYSE:ENB) registered a -3.02% decrease, still its new closing price is 49.58% up from the company’s 1 year high of 45.35.It posted 0.28% gains in previous 5 sessions and is now the subject of 2 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 10 stock analysts following this company have an average price target at $48.87, with individual PT in the $41.99-$54.20 range. The shares moved at $43.03, implying that brokerage firms see shares gaining about 35.74% in twelve months time.

Enbridge Inc. (ENB) SEC Form 4 News

The stock is getting much attention these days as insiders are adding shares while they posted a 2.16% rise year to date. A Director at Enbridge Inc. (ENB) acquired shares in a transaction closed on Wednesday December 10, 2014. Fischer, Charles Wayne bought 2,000 shares in the company at $55.01 each and collected $110,000 in proceeds. Fischer, Charles Wayne now owns 0 shares in the company after this transaction. A Senior Officer in the company, Holder, Janet Arlene, disclosed a transaction on Monday December 08, 2014 that ended up generating $1,386,001 from the sale of 24,800 shares at $55.91 per share.

Enbridge Inc. (NYSE:ENB) Upcoming Results on Tap

Enbridge Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.57 in that period. Sales during the quarter are predicted to arrive at $10.03 billion.

Earnings surprise history: Last quarter, the company posted approximately $8.49 billion in revenue and EPS of $0.47. The mean forecast was for $8.05 billion and $0.49 a share, respectively. One quarter earlier, revenue for the stock was at $7.94 billion, with earnings at $0.50/share.

Enbridge Inc. (ENB) Brokerage Update

Enbridge Inc. (ENB) is in Goldman’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Goldman, according to news reported on Thursday September 08, 2016.Another important research note was issued by National Bank Financial on Wednesday September 07, 2016.The firm upgraded ENB to Outperform from Sector Perform. Over the last six months and over the last three months, the shares of Enbridge Inc. (ENB), have changed 12.21% and -0.41%, respectively.